Sayenko Kharenko acted as legal counsel to European Bank for Reconstruction and Development (“EBRD”) in connection with USD 50 million loan to JSC “The State Export-Import Bank of Ukraine” (“Ukreximbank”).
A five-year loan to Ukreximbank will support lending to small businesses across the country to implement energy efficiency projects. This transaction is structured using an efficient loss-cover mechanism funded by EBRD, which will partially mitigate the risks of Ukreximbank and facilitate better access to funding for small and medium-sized enterprises (SMEs).
Since 2007 EBRD has provided almost USD 470 million to Ukreximbank through subordinate debt and long-term debt transactions making it EBRD’s largest financial-sector counterpart in Ukraine.
Sayenko Kharenko team for the current transaction included partner Nazar Chernyavsky and associate Anton Korobeynikov.
Earlier Sayenko Kharenko advised EBRD on a number of projects involving Ukreximbank for the total amount of over USD 385 million.